Regulatory Alerts2018-08-17
FMA Joint Standard 1 of 2018: Requirements and Additional Duties of a Trade Repository
The Financial Sector Conduct Authority and the Prudential Authority have issued FMA Joint Standard 1 of 2018 to prescribe specific requirements and additional duties for trade repositories. The standard operationalizes provisions outlined in sections 55(1)(c), 57(3), and 56A(5) of the Financial Markets Act, 2012. Accompanying the standard is a consultation report mandated by section 104(1) of the Financial Sector Regulation Act, 2017, which outlines the regulatory impact and stakeholder feedback process.
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